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Curzon Drive, Manor Way, Grays

London

£2,400,000
Listed on 19/04/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This generously sized development site in Grays, Essex, presents a unique opportunity for investors and developers. Full planning permission has been granted (reference number 18/00386/FUL) for a residential scheme, allowing for the construction of 44 housing units. This pre-approved status streamlines the path to development, positioning it as a project ready for immediate action. Situated in a desirable area of Grays, the location boasts excellent transport links as well as convenient access to local amenities, schools, and the town center. Its strategic position enhances its appeal not only for residential projects but also offers possibilities for future commercial ventures due to the ongoing demand in the region. The site does incur S106 and Rams contributions totaling £159,045, an important consideration for budgeting. However, given the strong investment potential in this growing community, these costs can be viewed as an integral part of a value-added project. This property's combination of size and location makes it attractive for those looking to invest in an evolving area with clear paths to capital growth. Whether you're considering immediate development or long-term investment strategies, this site stands out as a noteworthy prospect in Essex's dynamic real estate market.

Investment Analysis

(RM17 area)
Area Average
£388/sq ft
Avg Rent (weekly)
£292
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£1,500,000 - £2,000,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (RM17)

Area prices are rising by +7.1% over the last 12 months
3 year growth: 6.8%
5 year growth: 24.1%
Investment Disclaimer: Analysis based on RM17 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Curzon Drive, Manor Way, Grays
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£8,792
Based on a loan of £1,800,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE